I am living in Sydney and currently in the process of buying my first investment property in New Zealand. I would like to know if I need a special accountant who deals with NZ property, or will i need to use an accountant in NZ as well? Are there any other things I should know about investing in NZ property from Australia? I hope someone can help.
Thanks Duane
Take a visit to Bondi – you should find a kiwi expat or two down there.
But seriously an oz based kiwi would have the requisition knowledge.
Thanks for the link was really useful. Now i just need to find an accountant who can help have you got any recommendations??
Not personally. You might try a specific request in the Help Needed forum or simply ring around and ask a few questions of accountants. The NZ tax thing is not over complicated. I would tend to focus on an accountant with property investing knowledge/know how as priority.
You're taxed in your country of primary residence which I assume is Aus. You need a local accountant with NZ knowledge AND property expertise.
Note there is no CGT in NZ
READ THIS PAGE BELOW
You must be logged in to reply to this topic. If you don't have an account, you can register here.
